Factbox: Credit Suisse arrivals and departures after UBS seals takeover

Credit Suisse AG

12/06/2023 11:31

ZURICH, June 12 (Reuters) - UBS  UBSG.S  followed up the
announcement it had closed the takeover of stricken rival Credit
Suisse  CSGN.S  on Monday with a raft of management changes. 
    Here are the highlights:
    
    OUT 
    Leaving the company:
     * Credit Suisse General Counsel Markus Diethelm. The bank
appeared to be more willing to settle legal matters during his
tenure compared with his predecessor Romeo Cerutti, whom he
replaced in April 2022.
    * Chief Financial Officer Dixit Joshi. He was hired from
Deutsche Bank in August 2022.
    * CEO Asia Pacific Region Edwin Low. He played a role in
Credit Suisse's expansion in China.
    * David Miller, Global Head of IBCM and Credit, Co-head of
investment bank, and Americas CEO.
    * Ken Pang, Co-head of markets. A key figure of Credit
Suisse in Asia, Hong Kong-based banker Pang had been promoted to
the role in October 2022.
    
    TRADING PLACES
    Stepping down from the executive board and moving to new
roles:    
    * Francesco De Ferrari becomes senior advisor to Iqbal Khan,
president of UBS Global Wealth Management. The Swiss-Italian
national returned to Credit Suisse in January 2022 as head of
its wealth management division after a stint leading Australian
wealth management company AMP.
    * Joanne Hannaford becomes Head of Wealth Management U.S.
Technology, reporting to Mike Dargan, UBS Group Chief Operations
and Technology Officer.
    * David Wildermuth becomes Chief Risk Officer for the
Americas and for the combined U.S. Operations, reporting to
Christian Bluhm, UBS Group Chief Risk Officer.
    
    NEWCOMERS
    Appointments to the executive board of Credit Suisse AG:
    * Michael Ebert - becomes Head of Credit Suisse for the
investment bank, and head of Americas for the investment bank at
UBS. Recently he was co-head of markets and co-head of the
investment bank.
    * Simon Grimwood - becomes CFO of Credit Suisse AG.
Previously he was global head of tax and finance change at the
bank.
    * Isabelle Hennebelle - becomes Head of Credit Suisse
Operations, switching from her previous role as head of global
operations at the bank.
    * Claude Honegger - becomes Credit Suisse Chief Technology
Officer. 
    * Mike Rongetti - becomes CEO Credit Suisse Asset
Management. The industry veteran will have spent his entire 30
year career at the combined firm, including his initial five-
year stint at UBS.
    * Jake Scrivens - becomes General Counsel in addition to his
role as UBS Head Global Litigation.
    * Yves-Alain Sommerhalder - made Head of Wealth Management
and head of EMEA for Credit Suisse. He returns to the bank after
leaving in October last year.
    * Damian Vogel - becomes Chief Risk Officer for Credit
Suisse AG, in addition to his current role as Head of Risk
Integration for UBS Group.
    
    STAYING PUT
    The following executives will continue in their existing
roles for Credit Suisse AG. 
    * Christine Graeff - the former European Central Bank
communications director remains as Head of Human Resources.
    * Andre Helfenstein - continues as CEO Swiss bank, the jewel
in the Credit Suisse business whose future UBS is currently
considering.
    * Francesca McDonagh - remains as Chief Operating Officer.
    * Nita Patel - the former Goldman Sachs banker continues as
Chief Compliance Officer, a role she took on in November 2022.

 (Reporting by John Revill
Editing by Tomasz Janowski)
 ((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))